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A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
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A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.
Court finds Qteq engaged in cartel conduct
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A judge has found that Queensland-based mining equipment company Qteq and its chairman engaged in cartel conduct, including attempting to rig a multi-million dollar tender.
Barrister reprimanded for sending ‘inappropriate’ emails to domestic abuse victim
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A barrister who sent rude and intimidating emails to a domestic violence victim has been reprimanded.
Former CFMEU boss misses deadline for defence in FWO case
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Former CFMEU Victorian branch boss John Setka has defaulted on a deadline to file a defence in a case over alleged attempts to have the AFL sack its head of umpires, who previously led the construction watchdog.
Paladin Energy hit with shareholder class action
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Paladin Energy has been hit with a shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.
Citing financial uncertainty, Star says trial in AUSTRAC case should not wait
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Embattled casino operator The Star says a trial in AUSTRAC’s case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.
$64.25M settlement in MLC Super class action on ‘higher end’, court told
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A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”.
Santos wins final approval for $5.6B Barossa gas project
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Santos has secured final approval from the offshore energy regulator for its undersea Barossa gas field, dubbed by an environmental group as a “climate bomb”.
Frasers Property in $600M logistics JV with Morgan Stanley’s real estate investment arm
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Frasers Property Industrial and Morgan Stanley Real Estate Investing have established a 50-50 joint industrial property venture in Australia valued at $600 million.